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re: Will Helene kill the Gulf Coast property insurance market once and for all?

Posted on 9/27/24 at 9:40 am to
Posted by Gifman
Clearwater Beach, FL
Member since Jan 2021
18909 posts
Posted on 9/27/24 at 9:40 am to
If there was significant sea level rise the way these alarmists talk about, you wouldn't be able to get a loan on anything in Miami or NY.



Posted by DCtiger1
Member since Jul 2009
11788 posts
Posted on 9/27/24 at 9:41 am to
lol no, this is not going to be a significant dollar amount event like hurricane michael or Ian.

The coastal damage is from surge, which has nothing to do with the homeowners market.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
39527 posts
Posted on 9/27/24 at 9:41 am to
quote:

Exactly. It's not like Florida is the only place in the country that gets damage. If ocean waters continue to rise you'll see more severe Hurricanes hitting up into NYC, New Jersey, all the way up through New England.
Shut up cuck
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17456 posts
Posted on 9/27/24 at 9:42 am to
it'll hurt the wind market, but not fire.
Posted by MountaineerPatriot
Member since Aug 2024
134 posts
Posted on 9/27/24 at 9:43 am to
quote:

It’s been 12 years


Doesn't even have to be a Hurricane. Noreasters are almost essentially hurricanes anyway. And again, we're already seeing hurricanes make it further north before deteriorating.

quote:

I’m 36 and have lived in two of these states plus Alabama. Tornados have always been a thing. Sure it’s picked up a little on random years but this isn’t new.



The frequency is new. My parents live in Western Kentucky and they've had more close calls for tornadoes in the last 5 years than they did the previous 30 years. It's probably only a matter of time.

My point to all of this is that it's not just the Gulf Coast that has disasters. Outside of maybe the upper midwest, you name the start, I'll name the disaster they'll probably have at least in the next 5 - 10 years.

quote:

Would help if they were actually proactive in controlled burns and other methods to actually remedy the situation. They don’t and it happens all the time and they still wonder why.


Which you know they will never allow. I completely agree. Florida had bad wildfires back in the 90s (especially 1998) and the early and mid 2000's. You hardly hear about wildfires in Florida anymore because of the controlled burns. But the environmental wackos in California will never allow controlled burns and you know it.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 9/27/24 at 9:43 am to
quote:

If there was significant sea level rise the way these alarmists talk about, you wouldn't be able to get a loan on anything in Miami or NY.



There is significant sea level lowering in many spots along the West coast and in northern European countries.

It all depends on what the land under your feet is doing.
Posted by MountaineerPatriot
Member since Aug 2024
134 posts
Posted on 9/27/24 at 9:44 am to
quote:

Shut up cuck


I'll keep talking thank you very much, especially since there are posters like you who obviously have no clue what they are talking about. And to re-emphasize, it was a typo. I mean the rise in temperatures for ocean waters, not ocean water level. I was simply typing too fast.
Posted by Fun Bunch
New Orleans
Member since May 2008
130307 posts
Posted on 9/27/24 at 9:46 am to
Famous last words but just how high can my wind insurance possibly get. It already went up x6 in the past 10 years.
Posted by MountaineerPatriot
Member since Aug 2024
134 posts
Posted on 9/27/24 at 9:46 am to
To get back on track, I don't see this impacting the Gulf Coast insurance market really much at all. If anything this is more of a flood event than a wind event which is federal anyway. And it missed almost all the major population centers.
Posted by LegendInMyMind
Member since Apr 2019
75186 posts
Posted on 9/27/24 at 9:46 am to
quote:

MountaineerPatriot

You need to do a little more research into practically everything you said in your two posts.
Posted by Gifman
Clearwater Beach, FL
Member since Jan 2021
18909 posts
Posted on 9/27/24 at 9:48 am to
quote:


To get back on track,


Posted by Cosmo
glassman's guest house
Member since Oct 2003
131597 posts
Posted on 9/27/24 at 9:48 am to
quote:

The Gulf nowadays is like bath water. The Gulf near Tampa can easily get to 90 degrees. When I first moved to Florida the Gulf would get warm in the summer but not 90 degree warm. Probably more around 85-88.


Nope

Even the real alarmists say the average water temp is only up 1-2 degrees at most over last 50 years
This post was edited on 9/27/24 at 9:48 am
Posted by LSUminati
Member since Jan 2017
4164 posts
Posted on 9/27/24 at 9:49 am to
Why can't we build stuff like the Ike Dike instead of send $50 billion to Ukraine?!

Some people want problems to use such problems to their benefit and could not give a damn about solving them.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 9/27/24 at 9:51 am to
quote:

I mean the rise in temperatures for ocean waters


Where is this ocean water temperature data you speak of...link please?

And the ocean temperature is directly linked to ocean volume thus sea level rise or fall because seawater density is a function of temperature. Water sees it max density around 40 degrees F.
Posted by BoogaBear
Member since Jul 2013
7350 posts
Posted on 9/27/24 at 9:54 am to
They will just hit the reinsurance, which will increase their rates, then they will increase your rates.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 9/27/24 at 9:55 am to
quote:

Even the real alarmists say the average water temp is only up 1-2 degrees at most over last 50 years


I don't believe those are direct measurements either.

The are calculated values based on sea level rise measurements and they assume the X and Y coordinates are static.

Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
4617 posts
Posted on 9/27/24 at 10:04 am to
People will still move to Florida in droves regardless, and the majority of them aren’t wealthy enough to be self-insured. So the demand for insurance companies will remain the same
This post was edited on 9/27/24 at 10:05 am
Posted by tarzana
TX Hwy 6-- the Brazos River Valley
Member since Sep 2015
32103 posts
Posted on 9/27/24 at 10:09 am to
Helene is plenty destructive, but it's not is the same ballpark with Katrina and Harvey, each of which had over $150,000,000,000 in damages
Posted by Gaius
Member since Sep 2024
79 posts
Posted on 9/27/24 at 10:15 am to
Posted by dgnx6
Member since Feb 2006
89818 posts
Posted on 9/27/24 at 10:16 am to
Can you name an area in the country free of natural disasters?


Should we give up on the west coast and Hawaii because of the fires?
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